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Opinion | Bank of Canada’s fight against inflation is a war on workers
(www.thestar.com)
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Any property that you put up for rent is actually treated as a business by the CRA.
Should there be more taxing on second and more properties that are investment... maybe. If you increase the cost of ownership, that cost is placed on the renter. A property owner isn't in the game for fun and they aren't going to be willing to take a lot just for the benefit of a renter. It might put pressure on speculators to increase the taxes, but... It's not as 1:1 as people like to think.